"The oil price cap is actually significantly contributing to causing a budget deficit for Russia."
The IMF disagrees. Here's what they expect to happen.
"...the burning of fossil fuels has to be gradually shut down because of the climate..."
I'm not going to provide all the links and charts necessary to prove beyond a shadow of a doubt that CO2 does not control climate. If you wanted to understand the science, you'd have actually looked at it. All I will say is enjoy the coming ice age.
That's what the above chart shows is about to happen. CO2 made by people didn't really get started until the 20th Century. We had nothing to do with all the climate changes in the following chart, and neither did CO2.
But, like I said, if you really wanted to know the facts, you would find them.
Well, according to the IMF the Russian economy contracted by 2.2 percent last year. For this year and 2024 they are projecting growth, 0.3% and 2.1%, respectively.
I really wonder on what basis. Hundreds of thousands of men have been mobilized and 1-3 million have fled the country, particularly the well educated who have marketable skills that command high salaries. Russia's economic growth is dictated by the price of energy mineral exports in particular. The ongoing mobilization and the emigration are causing labor shortages and increasing inflation. If the leading economies of the world are going to be in recession later this year and next year, I wonder what will keep commodity prices up. Russia is currently shoring up its budget by selling foreign currency reserves. They may run out in early 2024. After that, the ruble will weaken significantly and inflation will decrease purchasing power.
As to the climate chart, take note of the time scale. No one is denying that solar cycles are the main driver of the Earth's climate - particularly over long time scales.
The problem with the anthropogenic increase of CO2 in the atmosphere is that it is very recent, very significant and very quick. It has potential to catastrophically increase temperatures in a relatively short time compared to the very long cycles induced by the cyclical changes in solar activity. The Earth will be fine, particularly in the long run. What worries me and the community of climate scientists is the impact of the rapid change on the ecosystem and particularly agricultural systems that 8 billion humans rely on for sustenance.